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You can find reports from our Investment and Research team, timely and informative financial planning topics from our Wealth Management team, and deeper dives on various important topics in our white papers from any team member. Read online, share with friends, or download for your convenience.

Martin (Marty) J. Kossoff, CFP®, AIF®, Founder and Chairman of Allegiant Private Advisors, has been named to Forbes’ Best-in-State Wealth Advisors list for 2020. The list has been published on Forbes.com, and a condensed listing will be available in the February issue of the magazine. Marty was recognized with the highest ranking of Sarasota-based advisors included on the 2020 list and holds the 11th ranking in the North Florida region. 

EV9 9452 MartyKossoff Web“As an independent, fee-based financial advisor, Allegiant’s role as a fiduciary means that our clients’ interests come first. Always. I think this most recent recognition is another testament to that fact,” he explained. “We were built to be your advocate. It’s an honor to be recognized by Forbes, but helping clients reach their financial—and overall life—goals is what drives us to be their trusted advisor.” Allegiant Private Advisors is currently in its 24th year. Today the strength and experience of our professional wealth advisors, along with concierge service and a proven long-term business philosophy that identifies needs, goals, aspirations and risk tolerance as critical for client success, form the bedrock of the firm’s approach. 

Melissa Walsh Financial Advisor

Melissa Walsh, CFP®, CFA, AIF®, a Principal and Senior Wealth Advisor at Allegiant Private Advisors, offers her perspective in a male-dominated world. Does the standard financial planning textbook apply? 

As a young woman starting a career in finance, I noticed how my peers seemed to be doing everything by the book”— saving for retirement, investing aggressively, and making stepwise advancements in their careers and salaries. I figured that my own career and savings would follow the same pattern — until a female colleague pulled me into her office and revealed, I’m not saving in my 401(k) due to childcare expenses, I turned down a promotion to spend more time with my children, and my investments are conservative.” This was the moment I realized that not ALL of my colleagues were textbook examples, it was mostly my male colleagues. I realized that my female colleague wasn’t doing it wrong. The textbook was outdated and broken. Sometimes life doesn’t cooperate when it comes to following chapter by chapter. That’s why true financial planning is a process that constantly evolves. Luckily, women often adapt well and flourish in the face of change.

Today women control 51% of the personal investment wealth in the U.S.(1). 41% of women are their households primary earner, and another 23% contribute significantly(2) to the households income. So why hasn’t the financial industry adjusted to changes that have occurred in the control of wealth?

Click here to read Melissa’s full article published on SarasotaMagazine.com.

As you begin planning with your advisors for 2020, there are still several loose ends that need to be taken care of to wrap up 2019. The most important and anticipated documents will be your tax statements. Please keep the below information in mind as you are scheduling a time to meet with your CPA and file your tax return.

The dates below are online posting dates (i.e., the dates that your tax form will be made available online in Investor360°®). If you did NOT opt out of paper or do not use Investor360° at all, your Tax Statements will be mailed within 5 business days after the online posting dates below. Corrections will be mailed, thereafter, if applicable.

Every January the Allegiant Investment Committee gathers for an annual Economic and Investment Outlook Summit. The focus of this year’s three-day summit included three major topics:

  • Current economic and investment conditions
  • Expectations for the year ahead
  • Longer-term trends that could impact the future of economic and investment activities

In the past, the Investment Committee has used these summits to internally debate economic and investment topics with the goal of formalizing an investment viewpoint for the future. This year, the Investment Committee has prepared a summary of the major topics discussed and our viewpoint on the year to come. Please click here to read the 2020 Economic & Investment Outlook and reach out to any member of the Investment Committee if you would like to discuss these topics with the Allegiant Private Advisors team.

2020 Allegiant Private Advisors Investment Committee:
Paul B. Cantor, CFA, CFP®, AIF®
Cameron Dees
Benjamin W. Jones, CFP®, AIF®
Luke Nicholas, CFA, CFP®

Fourth Quarter GDP Report 1 30 20

Gross Domestic Product (GDP) grew by 2.1% in the third quarter of 2019, in line with economists’ expectations. However, slowing growth trends persist among several key sectors including consumer spending and business investment. Despite record-low unemployment, strong cyclical wage growth, and a very high absolute level of consumer confidence, consumer spending growth slowed further in Q4 to 1.8% from 3.2%. Consumer spending’s 1.2% contribution to GDP in Q4 represents the second lowest in the last seven quarters. 

Chart A Strong Employment Market May be Showing Signs of Softening 1 30 20

Employment gains have been a staple of this economic expansion. With few exceptions, the employment market has steadily improved throughout the last decade. As such, employment data is very strong with the unemployment rate at all-time lows, wage growth near cyclical highs, and job openings near all-time highs. With signs of some weakness arriving, investors are wondering how much further the employment picture can improve. One example of weakness is surfacing in the ratio of new hires to job openings. The ratio bottomed in early 2019 and has ticked higher since. This means employers are hiring new workers at a faster rate than they are creating new job openings. While this is not necessarily a bad thing for today – it means more hires – it could spell weakness ahead. Of particular concern: are employers becoming increasingly satisfied with staffing levels? If so, the level of new hires in the future may weaken. 

By Michelle Cross, CFP®, CPA, CDFA®, AIF®

APA Cross 8x10 smallParents of high school-aged kids, listen up!  Your “baby” will soon be off to college, something you’ve likely been anticipating for years.  As most of us know, the cost of a college education has increased exponentially in recent years.  According to a Federal Reserve study, between 1985 and 2011, the average tuition rate nationwide increased 498%, more than four times the rate of general inflation as measured by the Consumer Price Index.[1]  Even if you’ve been saving since little Johnny was in diapers (way to go!), you may still have concerns about the affordability of college.  So many times, we hear about students picking a high-cost private university that they couldn’t afford, only to graduate with a mountain of student debt so high that they need to live at home for years just to make ends meet.  

I believe it’s important to educate our children about making smart financial decisions, not how to keep up with the Joneses.

APA Jones 3x4HI RGBU.S. stock markets are hitting new all-time highs, the unemployment rate is at record lows, GDP is growing, wages are increasing, interest rates are low. Described this way this idyllic state sounds too good to be true. On the surface, things appear good. Underneath, there is a lot more to it. Stocks may be at all-time highs, but they are also trading at above average valuations. Unemployment may be low, but there are still plenty without jobs -or good paying jobs to be more specific. GDP is growing, but the growth rate is slowing. Wages are increasing, but not much more than prices are increasing. Interest rates are low, but they are low for a reason! This idyllic state may last, but under the surface cracks are forming - and have been for a while. 

The story can be written any way you want. Our job is not to put a spin on the facts, but to let the facts speak for themselves. Ten years into this economic expansion, the numbers are still good. What has us concerned is not where they are today, but where they go from here, as the recent trajectory has been lower. 

There has never been a time without anything to worry about. Today is no different. In the always-on news cycle of today we are constantly bombarded with things we should be worrying about. Some are worthy of worry, others maybe not. More important than if we should worry about something, is when we should worry about it. After all, most of the things we worry about in life never actually come to fruition. And, sometimes when they do happen, circumstances have changed so much along the way that what we thought we should worry about is actually not such a big deal.

Kristina KJ Vorndran MS CFP CRPCPlease join us in congratulating Allegiant Paraplanner Kristina “KJ” Vorndran, MS, CFP®, CRPC®, on graduating summa cum laude (4.00 GPA) from the College for Financial Planning with a Master of Science Degree in Personal Financial Planning.

“We value KJ’s enthusiasm and drive to obtain specialized industry credentials and knowledge as she works tirelessly in the best interests of each client’s financial future,“ explained Allegiant Private Advisors President Benjamin W. Jones, CFP®, AIF®. “Very few professionals in our industry have earned this specific advanced degree. We’re lucky to have KJ working alongside our team of advisors and analysts who continue to guide client families through all stages of their financial lives.”

According to Kaplan Financial, the Master of Science Degree in Personal Financial Planning provides the most comprehensive education for personal financial planning possible. The program is fully accredited and tailored to individuals who are interested in expanding their knowledge beyond typical financial licensing and credentials. The program begins with the six core disciplines of financial planning before exploring advanced topic areas that are more research-based and hands-on than traditional education programs. Upon graduation, graduates reach the highest level of financial education possible.

Congratulations, KJ, on your most recent achievement!

Operations Specialist Karyn Nantes joined Allegiant in the summer of 2019, but her team feels like shes been part of the family for ages. We invite our clients and colleagues to get to know Karyn better through her own words:

APA Nantes 8x10 smallBorn and raised in Michigan, I have a love for the outdoors.  We would take trips up north” to the lake every summer to go boating, ride jet skis and just enjoy the beautiful scenery.  Our winters were spent skiing and snowmobiling.  Our favorite tradition was to head up to the lake every 4th of July to have bonfires and watch the fireworks.  

Growing up, I was an avid athlete and long-distance runner, participating in cross country and track.  I was team captain and enjoyed mentoring and encouraging the younger runners.  My passion for running continues into adulthood, as I have been involved in numerous races, including the Tampa Gasparilla Half Marathon.